is less than 100 miles from northkorea'schinaborder.and is the same site used for north korea's previous two tests. the first in 2006 and the second in 2009. the u.s. geological survey detected a 4.9 magnitude seismic event in the area, more powerful than the 4.5 that registered in 2009 after north korea's second test. scientists in multiple countriesing detected the explosion. north korea issued a confirmation, declaring the test was quote, carried out at a high level in a safe and perfect manner using a miniatureized de greater explosive force than previously, unquoted. pyongyang also declared the the reckless hostility of the united states. unquote. in a state of the union address tuesday president obama had this to say. >> provocation of the sort we saw last night will only further isolate them as we standby our allies, strengthen our own missile defense and lead the world in taking firm action in response to defense and take firm action in respnorth threats. >> this is north korea's first successfully launched a long range rocket, raising fears north korea now has the cap

that compete with our own manufactured products. >>reporter:chinaremainsa major competitor for u.s. companies. our trade deficit with china hit a record $315 billion last year. separately, china reported it's exports grew 25% over a year ago, easily beating expectations. the robust growth was attributed to aggressive new lending by chinese banks. >> just a few months ago, the chinese economy was in contraction. we've seen really two or three months where we are seeing much stronger growth in china and that's increasing the demand for goods there. >> reporter: but analysts say the news from china may have been somewhat distorted by statistical quirks and the start of the chinese new year. looking at a few months of data shows the big story in china is one of moderate, but solid growth. >> they're not falling apart. growth is going to hold in the range of 7% to 8%. but this is not going to go back to 10% either. there's no signs of that. it looks like its a more permanent, but controllable slow down. >> reporter: china remains strong in assembling and processing goods like iphones

inchinawiththe consumer there who is kind of been pushed and pulled between stim lutz and pulling back the stimulus from beijing? >> that is an area that we do like. besides the long-term secular growth of rising wealth in china, we also now have a new leadership in place in china and that's given more confidence to the chinese consumer, and we think we're going to see continued growth in that parent of the global economy. >> tom: you've described this as a barbell approach. on one end the united states, on the other end you like china. that's leading you to technology. xlk is the ticker symbol. why do you like technology if you like the u.s. and china together? >> well, we like the technol sector for a number of reasons. first we do think you're going to see a pickup in global growth. tech companies are very linked to the global economy. a lot of the technology companies rely on corporate capital spend. so that's where we think we'll seen inflection point there. valuations for the tech sector are the lowest they've been since the mid-90s. the sector trades at a petraeu p/e level. ever

thieves. >> reporter: when a countrylikechinadumpstires or other products on the u.s. market, it's pretty clear how to respond: raise tariffs and slap penalties on the producers. but how do you punish a chinese company that is suspected of receiving trade secrets through a government operation the government of china refuses to acknowledge? >> how you sanction a country with regards to cyber-espionage? i think we are still writing the book on that. it's a brand new area of exploration and i don't think policy makers really have the definitive word on how this will be accomplished. >> reporter: a new report says shanghai is home base for a massive chinese hacking effort that may involve thousands of people, but the u.s. and most other countries also employee secret armies of programmers engaged in some form of cyber- espionage. and that makes it harder to define a diplomatic solution to the problem. >> a lot of the most important military information in the world is on weapons systems that are developed by private corporations whether in this country or other countries around the

. a strong place for estee lauderischina, withquarterly sales up 28%. the same cannot be said for yum brands and its k.f.c. brand, and sales at those store open for at least a year in china were down 6% in the fourth quarter. k.f.c. was the target of a chinese government investigation into the use of antibiotics in chicken. it expects earnings per share to fall this year, sending shares down 2.9% to their lowest closing price since july. as we reported earlier in the program, the u.s. government officially filed civil fraud charges against s&p credit ratings services, and the shares of its parent company took another hit. mcgraw hill stock fell another 10.7%. the stock was above $58 per share last friday; tonight, it's below $45, losing more than $3.5 billion of market value in two days. while its competitor in bond ratings, moody's, isn't part of the government suit, its shares also have fallen hard, dropping 8.8% today. it has shed more than $2 billion of market value this week. all five of the most actively traded exchange traded products were stronger today. the nasdaq 100 trackin

years of slow progression.andchinaisstill growing, single-digit levels of growth. brazil is still growing, and russia is still growing. india, which is the fourth of the brick countries, should have a better track in 2014. >> susie: depending which country you're talking about, we've seen investors pouring a lot of money into international equity funds since january. so can they expect to get a good return on international investing in 2013? >> susie, it is going to come down to everybody's timeframe. we are a culture that wants it now. we've been through a lot of problems recently that make people very risk adverse. if you have the patience to sit through volatility, buying emerging markets is a good investment now. however, if you still feel burned by what happened in 2007 and 2008, and are worried that a 10% pullback or a 15% pullback would make you change your approach, be very careful and buying emerging markets. we've had a great run since november and i would counsel some caution. >> susie: you are advising your clients to put their money mostly in u.s. stocks over internat

had lagged it's global marketes, for example,thechinaindex,the fxi, which is another e.t.f., is down about .6% this year with the s & p 500 up somewhere around 6% or 7%, and the morgan stanley world index up about 5.5%. so these have lagged recently, and with the end of the chinese lunar new year, this weekend, the chinese market is going to reopen next week. and we're likely to see some reaction to the better economic statistics that have been coming out during this lunar period. >> tom: you mentioned fxi, that was one of your picks back in janet last time we had you on this program july 27, up better than 18%. now performance there. in the meantime you also lukd the technology exchange traded fund, which supby about 2%. would you put any new money to work or take any money off the table with these? >> well, we are adding to the fxi, the china index. and, clearly, with the kind of growth we're likely to see tepid growth in the u.s., until some of the headwinds we face abate. technology is an area where potentially there is significant growth in excess of the g.d.p. we'

about the situation in europe, how things are goinginchina. andit's being backed up by manufacturing data improving, so as we've seen that, we really have more confidence that areas like the odd otos and housing markets in the u.s. are going to continue to gain steam. >> tom: and you're putting that stat germany to work in energy, particularly natural gas. we have seen natural gas prices down to historic lows. why go natural gas producers with production increasing, presumably putting downward pressure on prices? >> well, they have actually a very interesting portfolio of assets and they've really been paring back their assets lately. their focus is on onshore development of assets that have both natural gas and oil and nave literally haltedly the production of natural gas in favor of oil right now, given the price dinnerrial. buttals we start to see the price of natural gas come back they have a tremendous portfolio of assets they can turn on in a heartbeat. over the long term, over the next five to 10 years, we expect 60% of their production to come from natural gas and we expect t

chinaandeurope has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but traders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the energy market as well. >> reporter: and the higher price of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika miller, "n.b.r.," new york. >> tom: still ahead, the f

, this is all types, not just white sharks, are killed mostly for finning. there's a huge marketinchinaaswe know. what's interesting about california, california has led the way in the past on shark protection. in 1993, pete wilson signed a law that banned all hunting of sharks and great white sharks out to three miles in state waters. jerry brown as we may remember in 2011 signed a bill banning the possession or sale of shark fins which got a lot of the, you know, chinese restaurants in l.a. and the bay area upset because it's illegal to serve shark fin soup. but a lot of environmentalists were really nervous. there have been a couple recent studies that estimated the population at something like 300 to 400 adults. and, you know, if only half of those are female, they're saying that's a pretty low number. >> yeah. we're talking now about putting the shark on the state endangered species list. how is is that different from the federal endangered list? >> california is one of the only states that has its own separate endangered species list. it has similar rules to the federal one. the feds

no limits. can we strike people in uzbekistan? how aboutwesternchina? canwe strike people anywhere in africa? where can he strike and who can he strike and who decides? >> this is why you have a presidency. >> well, you've got a congress, too, which has war power. >> but the national security of the country is basically in the hands of the presidency. >> he can go where he wants and kill whom he wants. >> there are restraints. >> we're going to be debating -- >> in the pentagon and the cia. >> i mean, his little deputies are over there telling him what he can and can't do? >> this is going to be an ongoing debate in this program, there's no question about it. this is a whole new world. exit question. the united nations human rights council is now examining drone strikes. if some or all of anti- terrorist drone use is found to constitute war crimes, and the u.n. rules the matter to the icc, which is the u.n.'s international criminal court, will president obama be able to travel overseas for the rest of his life without fearing ending up in the icc docket? >> you shoe tell the icc to

existed for more than a year haven't gone away. slowing economies in europeandchinacouldslow global growth. and conflict with iran could push up energy prices. erika miller, "n.b.r.," new york. >> susie: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose tomorrow that will get the economy moving without some kind of big stimulus plan? >> so i think that the president's going to try to do a couple of things. first he's going to call on others to help him. first es he going to call on the congress to do two things. one, avoid the sequester, avoid the job cuts that will come from the sequester. and come to a balanced program on putting budget issues on the sidelines for the rest of this year. two, pass immigration reform so people have confidence, migrant workers have confidence, or security improves, so es's going to ask the cong

attacks. tom, this comes as a report in today's "new york times" ties hackersinchinafora wide- ranging cyber campaign of attacks on major american companies and the u.s. government. >> tom: increasingly, susie, it's believed those hackers are also targeting u.s. infrastructure targets like pipelines. let's get going with tonight's "market focus." the major stock indices resumed their climb, setting aside concerns about government spending cuts threatened in two weeks. the s&p 500 caught a bid from the opening bell with talk about corporate deals and gains in europe. the index rallied 0.7 to finish at a new five and a half year high. 734 million shares traded on the big board, 1.8 billion moved on the nasdaq. the energy and consumer staples sectors powered the sector gains, up at least 1% each. the utility sector had the third best performance today, gaining 0.9%. with oil prices rallying, the energy sector is the best sector so far this year, with all but three of the stocks making up the sector higher today. marathon oil led the group, up 3% to a new 52-week high. conoco-phillips clos

of assembly-line workersinchinaafterthe lunar holiday there. that fed speculation about demand from apple and h.p. apple shares fell 2.2% since the plant freezing hiring makes the iphone five, but foxconn said its decision to stop hiring was not related to making the iphone. an analyst at investment bank u.b.s. thinks it could be because of less demand for hewlett packard desktop computers. h.p.q. shares were down by 1.1%. hewlett-packard reports its latest quarterly earnings tomorrow after the closing bell. independent energy companies devon and anadarko updated their shareholders on their strategies, but both were greeted with selling. anadarko petroleum was down 4.5%. it's energy production outlook was less than expected while it's forecast for capital spending was more than anticipated. it expects to be among the most active deepwater drillers this year. devon energy fell 6.6% after saying it may try again to spin off its pipeline and processing businesses. it tried that six years ago but stopped after the economy weakened. four of the five most actively traded exchange traded product

Search Results 0 to 14 of about 15 (some duplicates have been removed)